Skanska builds mixed-use development in London, UK, for GBP 32M, about SEK 370M
Skanska has signed a contract with The Crown Estate to design and build Duke’s Court in the West End of London. The contract is worth GBP 32M, about SEK 370M, which will be included in the order bookings for Skanska UK in the fourth quarter 2016.
The scheme will be a mixture of retail and offices. There will be 3,250 square meters of offices, from the first to sixth floor, and 1,000 square meters of retail and restaurant space at ground and basement levels. To deliver this project, Skanska has put together a specialist in-house team to combine its skills in design, construction and mechanical and electrical engineering.
Construction work starts in March 2017 and is expected to be completed in spring 2019.
Skanska UK reported revenues of about SEK 18 billion in 2015. It has around 5,500 employees. The company is active in building and civil construction, utilities and building services, as well as facilities management and commercial development.